Abercrombie & Fitch (NYSE:ANF) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF - Free Report) in a report issued on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $190.00 price objective on the apparel retailer's stock.

A number of other research analysts have also weighed in on the stock. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $173.00 to $220.00 in a research note on Friday. Raymond James initiated coverage on shares of Abercrombie & Fitch in a report on Friday, December 6th. They issued an "outperform" rating and a $180.00 price target for the company. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.50.

Abercrombie & Fitch Trading Down 3.1 %

NYSE ANF traded down $4.25 during trading hours on Tuesday, hitting $131.47. The company's stock had a trading volume of 3,402,628 shares, compared to its average volume of 2,744,428. The company's 50-day simple moving average is $147.95 and its two-hundred day simple moving average is $149.73. The company has a market capitalization of $6.62 billion, a PE ratio of 13.00 and a beta of 1.52. Abercrombie & Fitch has a 52 week low of $95.51 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. Research analysts anticipate that Abercrombie & Fitch will post 10.61 EPS for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 over the last 90 days. 2.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Several large investors have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at $73,048,000. Driehaus Capital Management LLC raised its holdings in Abercrombie & Fitch by 283.0% during the second quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer's stock valued at $54,045,000 after acquiring an additional 224,555 shares during the period. Bank of Montreal Can lifted its position in shares of Abercrombie & Fitch by 293.7% in the second quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer's stock valued at $51,043,000 after acquiring an additional 213,684 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock worth $142,379,000 after acquiring an additional 204,901 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Abercrombie & Fitch by 16.0% during the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after purchasing an additional 120,509 shares in the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.